A Note on The Pareto Efficiency of General Oligopolistic Equilibria
This note shows that a general oligopolistic equilibrium (GOLE), a notionrecently introduced in the literature by Neary, may be Pareto-efficient. Consequently,at a GOLE, the allocation of resources can be identical to thatof a competitive equilibrium. We also propose a characterization of Paretoefficientgeneral oligopolistic equilibria.
Year of publication: |
2005
|
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Authors: | Crettez, Bertrand ; Fagart, Marie-Cécile |
Institutions: | Centre de Recherche en Économie et Statistique (CREST), Groupe des Écoles Nationales d'Économie et Statistique (GENES) |
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